Toronto’s benchmark S&P/TSX Composite Index (CA:$ISPTX 13,052, +127.37, +0.99%) gained 127.4 points, or 1%, to finish at 13,052, its highest level since early September 2008, before the collapse of Lehman Bros.

The benchmark index has been trading higher since the U.S. Federal Reserve’s $600-billion stimulus announcement last week, which boosted commodities across the board and lifted Canada’s resource-heavy market. See MarketWatch’s Canada page.

Gold (GCZ10 1,409, +5.40, +0.38%) for December delivery soared past the $1,400-an-ounce mark to finish up $5.50, or 0.4%, at $1,410 an ounce on the Comex division of the new York Mercantile Exchange. Read about gold’s rally. "

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